Hello there, adm.
QuickBooks Online and QuickBooks Self-Employed are separate software designed for different user needs. Since they are different products, you cannot directly transfer data or convert your subscription from QuickBooks Online to QuickBooks Self-Employed.
You must cancel your existing QuickBooks Online subscription if you want to switch from QuickBooks Online to QuickBooks Self-Employed. After that, you can sign up for a new QuickBooks Self-Employed account.
Let me outline the complete process:
- Sign in to QuickBooks Online as a primary or company admin.
- Go to Settings, then Subscriptions and billing.
- Make sure your payment info is up to date.
- In the QuickBooks Online section, select Downgrade your plan.
- Review the available plans and then select Choose Plan.
- Follow the onscreen steps to downgrade your plan.
To cancel your current QuickBooks subscription and switch to QuickBooks Self-Employed while keeping your data, follow these steps:
Since there is no direct way to transfer data from QuickBooks Online (QBO) to QuickBooks Self-Employed (QBSE), before canceling your QBO subscription, export your company data by exporting the report to Excel. This will create a backup file of your financial information.
Once everything is ready, you can import the file you exported earlier to transfer your data into the new QuickBooks Self-Employed account.
Follow these steps:
- Click on the Gear icon.
- Choose Imports.
- Select an account and click on the Import Older transactions link under Action.
- Follow the instructions onscreen to finish importing your data.
- Click Import.
This process ensures you can seamlessly transition to QuickBooks Self-Employed while retaining all your important financial records from your previous QuickBooks subscription for future reference.